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Shenzhen maker of specialty polymers such as liquid-crystal polymer (LCP) and modified engineering plastics for electronics, cars and appliances.
Shenzhen maker of specialty polymers such as liquid-crystal polymer (LCP) and modified engineering plastics for electronics, cars and appliances.
Earns money by moving up the plastics chain: it blends and modifies engineering plastics, makes its own specialty resins such as liquid-crystal polymer (LCP, a heat-resistant polymer used in electronic connectors), and moulds finished parts. It bought an LCP production line from Samsung's chemicals unit in 2014. Electronics, car and appliance makers buy it.
Moat: narrow (process know-how, customer qualification). In-house resin synthesis and compounding know-how, with materials approved by electronics customers; global polymer giants compete.
Headquarters: Shenzhen, China · Employees: 1,480
Size Shenzhen Wote Advanced Materials (002886.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $906M, the 2506th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.10 on 6 Nov 2026.
Performance Over six months the shares fell 15.2%, against -25.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +5.4%); the operating margin is 3.6% (peer median 7.2%).
Valuation It trades at 68.2× forward earnings against a peer median of 20.0× (2nd most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.6 points below its cost of capital (11.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.22B | CN¥2.05B | CN¥1.89B | CN¥1.53B | CN¥1.49B |
| Revenue growth | — | +8% | +23% | +3% | — |
| Gross profit | CN¥455M | CN¥296M | CN¥304M | CN¥248M | CN¥200M |
| EBITDA | n/a | CN¥171M | CN¥161M | CN¥133M | CN¥86.6M |
| Net income | CN¥76.2M | CN¥64.4M | CN¥36.6M | CN¥5.90M | CN¥14.6M |
| Free cash flow | CN¥158M | CN¥118M | -CN¥138M | -CN¥306M | -CN¥324M |
| Capital expenditure | CN¥88.5M | CN¥104M | CN¥231M | CN¥358M | CN¥443M |
| Total debt | CN¥1.49B | CN¥1.56B | CN¥1.59B | CN¥1.04B | CN¥1.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Wote Advanced Materials 002886.SZ | $906M | -15% | +10% | 4% | 68.2× | 31.3% |
| Celanese CE | $5.10B | -19% | +1% | 9% | 7.6× | 5.3% |
| Sumitomo Chemical 4005.T | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% |
| Kingfa Sci. & Tech 600143.SS | $4.96B | -28% | -1% | 3% | 24.6× | -1.2% |
| Shanghai PRET Composites 002324.SZ | $1.36B | -44% | +27% | 1% | 45.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002886.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.1% | -11.0% | 6th lowest of 21 |
| 6-month return | -15.2% | -25.9% | 7th highest of 20 |
| Distance from 52-week high | -45.0% | -41.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +9.7% | +5.4% | 7th highest of 21 |
| Operating margin | 3.6% | 7.2% | 9th lowest of 21 |
| Forward P/E | 68.2× | 20.0× | 2nd most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 31.3% | 17.6% | 5th most demanding of 14 |
| Growth delivered (Del g) | +12.2% | +3.4% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | +19.1 pp | +10.2 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | -6.6 pp | -2.2 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Wote Advanced Materials 002886.SZ | China | $906M | -15% | +10% | 4% | 68.2× | 31.3% | +12.2% |
| Sichuan Xinjinlu 000510.SZ | China | $906M | -32% | -4% | -15% | n/a | n/a | n/a |
| Longkou Union Chemical 301209.SZ | China | $904M | -39% | -3% | 9% | 336.5× | 36.9% | +1.6% |
| Henan Jindan Lactic Acid Technology 300829.SZ | China | $900M | +52% | +5% | 3% | 26.1× | n/a | n/a |
| Boai NKY Medical 300109.SZ | China | $896M | -32% | -17% | 15% | 32.5× | 19.9% | +3.9% |
| Guangzhou Human New Material Science & Technology 301683.SZ | China | $918M | -25% | +20% | 38% | n/a | 11.3% | n/a |
| Sudarshan Chemical Industries SUDARSCHEM.NS | India | $893M | +10% | +90% | 4% | 28.9× | 27.0% | +39.5% |
| TETRA Technologies TTI | United States | $891M | -39% | +6% | 7% | 19.9× | n/a | n/a |
| Changzhou Tronly New Electronic Materials 300429.SZ | China | $923M | -37% | +14% | -14% | n/a | 56.6% | +5.0% |
| Quechen Silicon Chemical 605183.SS | China | $926M | -12% | +7% | 19% | n/a | 2.0% | +16.1% |
| Green Plains GPRE | United States | $927M | -27% | -22% | 7% | 7.4× | -1.0% | +1.8% |
| Jiangsu Chengxing Phosph-Chemicals 600078.SS | China | $928M | -29% | +27% | 13% | n/a | 2.6% | +2.9% |
| Rastar Environmental Protection Materials 300834.SZ | China | $933M | -9% | -23% | 1% | n/a | 43.9% | 0.0% |
| Zhejiang Oceanking Development 603213.SS | China | $938M | +1% | -17% | 0% | n/a | 38.3% | +17.9% |
| Zhejiang Wansheng 603010.SS | China | $872M | -25% | +19% | -26% | n/a | n/a | n/a |
| Hanking Gold International 3788.HK | Hong Kong | $862M | -26% | -19% | 8% | n/a | n/a | n/a |
| Kronos Worldwide KRO | United States | $859M | +46% | +3% | -1% | 11.9× | 17.6% | +2.6% |
| Daqo New Energy Corp Sponsored ADR DQ | United States | $856M | -32% | -21% | -70% | n/a | n/a | n/a |
| Shandong Head 002810.SZ | China | $855M | -38% | +16% | 21% | 14.2× | -1.6% | +7.9% |
| Compass Minerals International CMP | United States | $962M | -18% | +5% | 8% | 20.0× | 8.1% | +2.8% |
| Guangdong Sinoplast Adv Matl 301686.SZ | China | $962M | n/a | +7% | 19% | n/a | n/a | n/a |